“Show me an entrepreneur who can take a hit, and I’ll show you a good entrepreneur,” Corcoran says. She goes on to admit that she “fails well” and is able to get right back up after falling down.

Corcoran says that’s another deciding factor in becoming a successful entrepreneur: How long it takes you to get back up.

“The great sales people take the hit and then they jump right back up. They’ve been hurt just as much as the next guy, but they work right through it,” she says. “If you have that skill, you should be an entrepreneur.”

Want your business advice featured in Instant MBA? Submit your tips to [email protected]. Be sure to include your name, your job title, and a photo of yourself in your email.